RS.2100/-PERSFT PRE LAUNCH OFFER FLATS 4 KMS FROM TOTAL MALL

[RAVIKANTH]

Hi Ravikanth,
May i know the size of the flats available with floor plan ?? And booking amount to be paid and is there any bank approval of the project? Thanks

Reply to Sachin123

Various sizes of flats are planned as per the price list I have got from the builder. The prices I have are as of today. The price may or may not increase by the time the project is launched in another 3 month's time depending on market forces. If you will please give me your email id, I can forward the floor plan by email to anyone who asks.

Size of flats start from smallest 2 BHK 1198 SFT BUA to largest 3 BHK 1507 SFT BUA. I have bought this 1507 SFT BUA 3 BHK North facing for myself in the investor's quota. Agreement already signed between me and the company. 50% Payment fully already made by me towards the cost of the flat. My cheque already encashed by the company/builder. Investor-quota-east-facing flats were all already sold out by the time I could book my flat. So I took North facing. I have taken flat no. 105 E in First floor with 3 balconies plus one utility but 2 toilets. If BDA forces them to change this current floor plan, they will have to change the plan. So you will have to be prepared for that. But buyer quota east facing flats - plenty are still available.

Booking amount to be paid is Rs.2 lakhs fully refundable without any deduction if buyer changes his mind for any reason before construction starts or if buyer is fed up if there is a delay in the approvals or in start of project as compared to their "PROMISED START DATE".

Bank approval of the project: After all government approvals are in place and in hand by the builder/company - then the banks will surely extend bank loan for all buyers. The list of banks will all also be notified to all of you. Right now, because the builder is still working on approvals expected to be completed by October end, I dont think banks will dare fund you. I can assure you the banks will be more than happy to fund you after approvals are in hand and the property file is ready with us to give to you or your bank.

What you can do in the interrugnum is approach your bank and explaiin to them this current scenario and ask if they will entertain you.

Please keep in touch. Good luck

[RAVIKANTH]

Reply to Sachin123

Various sizes of flats are planned as per the price list I have got from the builder. The prices I have are as of today. The price may or may not increase by the time the project is launched in another 3 month's time depending on market forces. If you will please give me your email id, I can forward the floor plan by email to anyone who asks.

Size of flats start from smallest 2 BHK 1198 SFT BUA to largest 3 BHK 1507 SFT BUA. I have bought this 1507 SFT BUA 3 BHK North facing for myself in the investor's quota. Agreement already signed between me and the company. 50% Payment fully already made by me towards the cost of the flat. My cheque already encashed by the company/builder. Investor-quota-east-facing flats were all already sold out by the time I could book my flat. So I took North facing. I have taken flat no. 105 E in First floor with 3 balconies plus one utility but 2 toilets. If BDA forces them to change this current floor plan, they will have to change the plan. So you will have to be prepared for that. But buyer quota east facing flats - plenty are still available.

Booking amount to be paid is Rs.2 lakhs fully refundable without any deduction if buyer changes his mind for any reason before construction starts or if buyer is fed up if there is a delay in the approvals or in start of project as compared to their "PROMISED START DATE".

Bank approval of the project: After all government approvals are in place and in hand by the builder/company - then the banks will surely extend bank loan for all buyers. The list of banks will all also be notified to all of you. Right now, because the builder is still working on approvals expected to be completed by October end, I dont think banks will dare fund you. I can assure you the banks will be more than happy to fund you after approvals are in hand and the property file is ready with us to give to you or your bank.

What you can do in the interrugnum is approach your bank and explaiin to them this current scenario and ask if they will entertain you.

Please keep in touch. Good luck

Ravi Kanth

[RAVIKANTH]

Do you think we can get bank loan without approvals? I remember even DLF had told about loan availability in pre-launch offer. How is that possible?

I dont think banks will entertain you for loans without approvals. I really dont know about DLF saying so about their project, but logically thinking, it should not be possible. It wont make economic sense for the bank and so they may not even discuss it with you about loan before approvals.

Private financiers like DHFL, Bajaj Finserv, First Leasing Company, L&T Finance and such other private financiers at a very high interest rate do definitely finance you for such projects before approvals after they are CONVINCED about the credentials of the builder.

Best Regards,

Ravi Kanth

[RAVIKANTH]

Hi Friends,

Did any body manage to go to site visit or had discussion with builder. Please advise your views on how the project is.

Thanks
Raju

To prove to you all about how transparent I am, I myself am declaring that till now, nobody has met me for a site visit as on 24.7.2011.

However, I have got a total of 15 calls from Bangalore till now from 15 bloggers and surprise, surprise, 2 calls from US from Bloggers again. One from Chicago and another from New York. One was a lady and the call from New York was by a gentleman. I assure you all, you will all like me one day, purely because of my character, honesty and transparency and sooner or later, you will all start to believe in me. I am not boasting about myself or about the calls. I am just placing facts here.

Tomorrow, I am expecting that 2 of the above callers will hopefully meet me for a site/project location visit and also a builder office visit.

Though it is premature now, I will advise everyone at this juncture itself - please dont go by what another blogger gives you as his opinion even if you discover who has made the site visit and after contacting him - because "one man's poison may be another man's nectar or Elixir of Life. What he may find as a Negative may actually be found later by you as a Positive. Hence, please, all of you, if seriously interested, each one of you, must make the effort to get out of your house and invest some time to actually make a personal assessment of the project by visiting the site and then form his own OPINION, rather than rely on somebody else's personal opinion. Isn't it some food for thought??

Best regards,

Ravi Kanth

[rampi]

Hi All

Do not believe in all these gimmics. Let me share my experience.

a.Past performance is not indication of future :

They talk nicely and talk about the past . I bought flat with Sobha . With lot of diffuculty we could manage to get the possission of our apartment . There is no safety for your money

b.We will refund money if it gets delayed :

This is the best way of getting money interest free and without collateral then project their image as Satya harishchandra while returning the money. They do not give any interest. Please remember any unsecured loan will cost them 30% pa interest for them . so this is nice way

c. We will pay penalty @ 6Rs/SFT :

please remember you have sunk in 80% of your money approx 20 Lakh rupees even for 1000 SFT flat . you get 6000 per month as penalty ,where as your pre emi interest will be 24000 Rs . Basically you are stuck . My Pre emi interest on my high end flat was approx 10 Lakhs where as my compensation was 1.2 lakhs More over there will be clauses in agreement that if you modify your flat you will not be given. A friend of mine asked for different brand wash basin. They treated it modification and did not pay him even 1.2 Lakhs. They can also tak under force majure clause by giving silly reasons for delay like Truck strike or cinema actor or politician's death and avoid paying penalty

Please do not get lured by these kind of offers. There are number of completed flats available in Bangalore go and buy them if your's is hard earned money or invest in this kind of ventures if you are worried about your money ,even if builder does not give you apartment it does not affect your financial status or if you can treat your investment as charity.

[mramki_77]

I agree with 'rampi'. There are lots of unoccupied flats empty and there are going to be some more coming(assuming that RBI is going to hike the rates again this month). Choose an completed flat when there is an option.
All this promises and money back schemes (all sweet talk) would be there untill we give the money to builder. Once we give the money to them, then we need to run around them like morons.
Above all, Ravi kanth is a broker (am I correct ?). Once the deal is done, he will be out of the picture saying that the agreement is between builder and buyer. He is not resposible for anything.
So beware and be aware.

Thanks
Ram

[RAVIKANTH]

Sorry my friends.

I am not a broker. I will not vanish after the deal is done.

I will be with you all through thick and thin.

You will all come to know what I am with the company/builder when you all pay me a visit or pay the office a visit and meet the company and or its management - see their projects - current, ongoing, past, present etc. etc.

Neither am I a fly-by-night operator nor is the builder a fly-by-night operator.

Please take the trouble of meeting the company/management/builder.

Best Regards,

Ravi Kanth

[msn1270]

Ravikanth

instead of telling the fairytale story in pages, first disclose the Builder Name,
other details will automatically pour down here.

[Sachin123]

you can probably collect the names of the intrested people and give the list to builder for your bonus from referal.

I am intrested but only if you tell us the builders name. I feel Rs.2100/- is a good deal but not for a ghost company with no NAME.

I dont mind paying even Rs.500/- psft more but want to put my money in a place where i can invest and have a good night sleep. I am sure other too have the same openion.

[RAVIKANTH]

you can probably collect the names of the intrested people and give the list to builder for your bonus from referal.

I am intrested but only if you tell us the builders name. I feel Rs.2100/- is a good deal but not for a ghost company with no NAME.

I dont mind paying even Rs.500/- psft more but want to put my money in a place where i can invest and have a good night sleep. I am sure other too have the same openion.

Above plan is a good Idea of protecting my interests.

But I have a better idea and some new information for all of you.

The builder or the company is NOT a ghost company. It has a name and identity and past performance record also.

The builder is not accepting any payments from anyone at this moment even if you all are ready to pay the booking/blocking amount - TILL all APPROVALS are in place.

Right now, HENCE, you should all treat this only as an AWARENESS campaign about the project as a PROPOSED one.

Secondly, you can postpone your current immediate buy elsewhere and wait for 2-3 months for all approvals to be on hand with the builder when they will be ready to accept your cheques.

Unfortunately, because of the changed scenario of a possible increase in the GUIDANCE VALUES by the state government, there is a likelihood that the PRE LAUNCH offer price may increase from the currently PLANNED & INTENTIONED 2100/- per sft that they are thinking of making as an offer.

Anyway, they are not accepting any cheques right now from anybody. You can all only make a SITE VISIT and plan your PURCHASE or BOOKING/BLOCKING and plan your finances from now itself for an event that is likely to happen in NOVEMBER or DECEMBER, 3 months now. By EVENT, I mean, actual PRE-LAUNCH OFFER when they will be ready to accept your cheques.

I think you should all treat it as a RESEARCH and INVESTIGATION EXERCISE - this site visit, meeting the builder/management, company, studying the location or surroundings, growth prospects and potential in that area etc etc.

You will then surely all see the builder in FLESH AND BLOOD and see that it is not a GHOST company.

In the process, you will have 3-4 months on your hand to plan your finances, ask more questiions, clarify more doubts till November 2011 from today, investigate their credentials more by yourselves - all of you - and then take an INFORMED DECISION.

By then, even if the price has escalated to 2400/- PER SFT due to market forces as pre launch offer price, you will atleast be sure that you have got "VALUE FOR MONEY" and have a good nights sleep. Also, you can plan your expenses till then, savings, budget, bank loans etc etc. and postpone making a hurried wrong buy in a wrong location elsewhere.

SURPRISE!! SURPRISE!!

One more latest information from the company/builder:

Some more INVESTOR QUOTA is still available as per the latest information given to me by the company just minutes ago - BUT ONLY FOR 3 DAYS from today.

At a price of Rs.1800/- per sq.ft for a cheque payment of Rs. 5 lakhs. AGREEMENT will be signed, everything will be transparent as I have been promising consistently and the Managing Director of the company will himself personally sign the agreement in front of you, as he did with me.

Since it is only a 3 day offer, those interested will have to quickly call me on 9886341839 and keep themselves free for several visits to their office for several MARATHON DISCUSSIONS with the Marketing Manager to satisfy themselves of all apprehensions - because this is how I did it.

Good luck and quick thinking!!

Best regards,

Ravi Kanth